GE Vernova Inc. (NYSE:GEV) Shares Sold by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,864 shares of the company’s stock after selling 1,797 shares during the period. GE Vernova accounts for about 1.7% of Summit Place Financial Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Summit Place Financial Advisors LLC’s holdings in GE Vernova were worth $3,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Castleview Partners LLC acquired a new position in GE Vernova during the 3rd quarter worth $28,000. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter valued at about $25,000. Finally, Global Trust Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter valued at about $26,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GEV shares. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. BMO Capital Markets upped their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays lifted their price target on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday. Guggenheim began coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Finally, William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Price Performance

NYSE GEV opened at $292.99 on Monday. The company has a 50 day simple moving average of $235.14 and a 200-day simple moving average of $190.64. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $298.81.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.